Edition:
United States

Digital Bros SpA (DIB.MI)

DIB.MI on Milan Stock Exchange

12.80EUR
23 Jun 2017
Change (% chg)

€-0.07 (-0.54%)
Prev Close
€12.87
Open
€13.00
Day's High
€13.00
Day's Low
€12.65
Volume
11,240
Avg. Vol
79,892
52-wk High
€16.79
52-wk Low
€5.97

Latest Key Developments (Source: Significant Developments)

Digital Bros 9-month net result swings to profit of EUR 7.8 million
Friday, 12 May 2017 07:21am EDT 

May 12 (Reuters) - DIGITAL BROS SPA ::9-MONTH GROSS REVENUE EUR 99.0 MILLION VERSUS EUR 61.3 MILLION YEAR AGO.9-MONTH NET PROFIT EUR 7.8 MILLION VERSUS LOSS EUR 1.3 MILLION YEAR AGO.9-MONTH REVENUE EUR 94.3 MILLION VERSUS EUR 58.6 MILLION YEAR AGO.CONFIRMS FY 2017 EXPECTATIONS ON THE CONSOLIDATED LEVEL.  Full Article

Digital Bros unit 505 Games signs deal with Remedy Entertainment
Wednesday, 3 May 2017 01:54am EDT 

May 3 (Reuters) - Digital Bros Spa :Says through its subsidiary 505 Games S.p.A. entered a new worldwide PC and console publishing agreement with Remedy Entertainment Ltd for a brand new game for PlayStation 4, Xbox One and PC, including Steam, across both digital and retail versions .Agreement includes a payment of 45 pct royalties on net sales.  Full Article

Digital Bros unit signs agreement with Wanxin Media
Thursday, 20 Apr 2017 12:15pm EDT 

April 20 (Reuters) - Digital Bros SpA ::Unit 505 Games signs agreement with Wanxin Media assigning exclusive rights to publish and distribute in Greater China market through local digital PC marketplaces Brothers - A Tale of Two Sons, Virginia and Quarantine.The agreement provides for 50 pct royalty of net revenues to the group.  Full Article

Digital Bros unit grants rights to game Portal Knights in China to Duoyi
Thursday, 6 Apr 2017 06:25am EDT 

Digital Bros SpA : Unit 505 Games grants exclusive rights on Chinese market for the video game "Portal Knights" for PC and mobile versions - except for PC Steam - to Guangzhou Duoyi Network Co Ltd (Duoyi) . The agreement provides for 50 pct royalty and the payment of a licensing fee and minimum guarantee . Duoyi will also develop a new version of Portal Knights that Duoyi and 505 Games will distribute for the Greater China market and the rest of the world, respectively .Duoyi is a Chinese game company and an internet enterprise.  Full Article

Digital Bros unit gets exclusive rights to Terraria: Otherworld
Tuesday, 4 Apr 2017 12:09pm EDT 

Digital Bros SpA : 505 Games, subsidiary of Digital Bros, gets exclusive worldwide rights to Terraria: Otherworld . Unit to be involved in Terraria: Otherworld both as a publisher and as a developer with Pipeworks Inc . Pipeworks is the internal development studio of Digital Bros . Pipeworks will complete the development of the game with a budget initially estimated at $4.8 million . The publishing rights include the worldwide console and mobile rights for a minimum period of 5 years . The agreement provides for the payment of royalties of 60 pct on sales of digital versions of 30 pct on sales of retail versions .Pipeworks will benefit from 5 pct royalties of the overall Terraria: Otherworld revenues including the PC version.  Full Article

Digital Bros H1 net profit jumps to 7.4 mln euros
Wednesday, 1 Mar 2017 02:30am EST 

Digital Bros SpA : Reported on Tuesday H1 (semester ended Dec. 31, 2016) net revenue of 61.7 million euros versus 42.9 million euros a year ago . H1 net profit 7.4 million euros versus 1.2 million euros a year ago . The launch of video game Assetto Corsa and the revenue stream from sales of video game Rocket League were crucial for the positive performance in H1 . The outlook at consolidated level is more optimistic than the one previously disclosed, with an expectation of turnover growth and an improvement in the forecasted profit by the end of FY 2016/2017 .Net cash/debt will be affected by the net working capital investment needed for the international publishing of retail products, particularly in the last quarter of FY 2016/2017.  Full Article

Digital Bros signs deal with Digital Touch to launch Assetto Corsa in Korea
Friday, 10 Feb 2017 04:19am EST 

Digital Bros SpA : Says through its subsidiary 505 Games signs an agreement with Digital Touch to launch Assetto Corsa in Korea .Game will be released for PS4 in Spring 2017.  Full Article

Digital Bros signs prelim. agreement to buy 100 pct Kunos Simulazioni
Friday, 20 Jan 2017 08:55am EST 

Digital Bros SpA : Signs a prelim agreement for acquisition of 100 percent of Kunos Simulazioni Srl . Price of acquisition is nominal 4.3 million euros ($4.58 million) to be paid partly via cash and partly via the issue of 150,000 Digital Bros shares .Kunos Simulazioni makes simulators for carmakers and developed videogame "Assetto Corsa".  Full Article

Digital Bros signs publishing agreement for Bloodstained with Artplay
Wednesday, 5 Oct 2016 12:19pm EDT 

Digital Bros Spa : Says through its subsidiary 505 Games enters into new publishing agreement with Artplay Inc. for exclusive worldwide publishing rights across multiple formats to Bloodstained .The total development investment for the Group will be $4.4 million as a non-refundable advance.  Full Article

Starbreeze and Digital Bros sign $4 mln distribution agreement
Tuesday, 27 Sep 2016 09:00am EDT 

Starbreeze AB : Starbreeze and Digital Bros sign $4 million exclusive world-wide console retail distribution agreement for "RAID: World War II", to be released on PlayStation 4 and Xbox One Summer 2017 . Agreement includes payment of a minimum guarantee amount of royalties of $4 million . Starbreeze retains digital distribution rights for PC and Console .Game will be released on PC, PlayStation 4, Xbox One in summer of 2017.  Full Article

More From Around the Web

BRIEF-Digital Bros 9-month net result swings to profit of EUR 7.8 million

* 9-MONTH GROSS REVENUE EUR 99.0 MILLION VERSUS EUR 61.3 MILLION YEAR AGO